15205 WATERGATE RD
About This Property
A vaulted ceiling with high windows lights up the living room. The staircase leading from the first floor to the second floor is hand-laid cherrywood and the fireplace has been converted to a wood-burning, eco-friendly stove surrounded by bricks and hand fashioned stoneware for a supplementary heating source and social gathering place. All the windows in the house and the sliding doors leading to the outdoor deck from the dining room and the kitchen are double-paned and wood-framed. The kitchen features a granite countertop and stainless steel appliances. The finished basement includes a handmade desk and bookshelf and Berber carpeting. The two full-bathroom shower tiles are fashioned from hand-laid travertine.
The home features an attached two-car garage with electric garage door openers and a loft for extra storage. The crawl space is fully enclosed by a vapor barrier. The initial pool membership fee transfers from the current to the new owners. Within walking distance to the home is Stonegate Elementary, newly built and in its first year of operation in a beautiful new building, and Stonegate Community park, playground, and tennis courts.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 7, 2024 | Sold | ||
| Sold | |||
| Jan 10, 2024 | In contract | - | |
| In contract | |||
| Jan 4, 2024 | Listed by Long & Foster Real Estate, Inc. | $625,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017